Understanding the full scope of Plant & Machinery is important for capital allowances claims purposes. I was talking to somebody about making a capital allowances claim on a commercial property yesterday and they clearly looked confused. I had been talking about the need to identify the plant and machinery values in a property. When [...]
The government will start consultation in May 2011 on whether to continue to allow capital allowances claims on purchases of commercial property regardless of the purchase date. As the legislation stands at the moment a claim may be made for qualifying “plant and machinery” within the property with no time limitations applied as to the [...]
